Best Options Strategy for OII
Looking for the best options strategy for Oceaneering International, Inc. (OII)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live OII option chain right now, and a simple map from your view on OII to the strategy that fits it. Model any of them in the calculator before you trade.
About OII
Oceaneering International, Inc. (OII) is a major company in Oil & Gas Equipment & Services. Options traders on OII tend to watch , since these can drive large moves in the share price.
About Oceaneering International, Inc.
Oceaneering International operates across multiple industrial sectors by providing specialized engineering services, robotic equipment, and manufactured components. The company's core business centers on subsea robotics—primarily remotely operated vehicles used for offshore drilling support, installation, inspection, and maintenance work. Beyond underwater operations, it manufactures connection systems, control valves, umbilicals, and connectors for energy applications, along with autonomous robotic systems for broader industrial use. The company also handles large-scale offshore installation projects, including subsea intervention work, diving operations, and pipeline services. A separate division focuses on asset integrity management and digital solutions for the energy sector, while its aerospace and defense segment serves additional market verticals beyond oil and gas.
The company generates revenue by contracting its services and equipment across the offshore energy industry globally, with significant operations in the United States, Europe, Africa, Brazil, and Asia-Pacific. Its business model combines service delivery—from ROV operations to engineering support—with equipment…
Today's top-scoring strategy for OII
Our engine ranks defined-risk strategies on the live OII chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | CALL | $95 | $6.83 |
| Sell | 2× | CALL | $100 | $3.82 |
| Buy | 1× | CALL | $105 | $1.87 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $125 | −$105 | −$103 | −$99 | −$94 | −$89 |
| $120 | −$102 | −$96 | −$88 | −$82 | −$77 |
| $115 | −$88 | −$77 | −$69 | −$64 | −$61 |
| $110 | −$50 | −$42 | −$40 | −$41 | −$43 |
| $105 | $10 | −$1 | −$11 | −$20 | −$28 |
| $100 | $42 | $18 | $0 | −$13 | −$23 |
| $95 | $3 | −$7 | −$16 | −$25 | −$32 |
| $90 | −$64 | −$55 | −$52 | −$51 | −$52 |
| $85 | −$98 | −$91 | −$84 | −$78 | −$75 |
| $80 | −$105 | −$103 | −$100 | −$96 | −$92 |
| $75 | −$106 | −$106 | −$105 | −$104 | −$101 |
Illustrative example at OII's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
OII typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.
OII insider trading activity (SEC Form 4)
Open-market insider transactions at OII over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| MURPHY PAUL B JR | Sell | 10,000 | $484K | 2026-08-07 |
| DYER CHRISTOPHER J | Sell | 1,200 | $57K | 2026-07-30 |
| Childress Earl | Sell | 12,701 | $593K | 2026-07-30 |
| MCEVOY M KEVIN | Sell | 3,000 | $144K | 2026-07-30 |
| GOODWIN DEANNA L | Sell | 7,000 | $285K | 2026-06-30 |
| LARSON RODERICK A. | Sell | 5,000 | $191K | 2026-05-18 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
Earnings & IV crush
OII's next earnings report is due around October 21, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Key figures
- Market cap
- $5.0B
- Beta (vs market)
- 1.17
- 52-week range
- $22.02–$54.25
- Short interest
- 8.6% of float · 5.8 days to cover
How to choose an options strategy for OII
Start with your outlook on OII, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while OII stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open OII in the free calculator →
Frequently asked questions
What is the best options strategy for OII?
It depends on your outlook. Bullish traders often use a long call or bull call spread on OII; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are OII options liquid enough to trade?
Oceaneering International, Inc. (OII) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade OII options?
Buying a single OII call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade OII or any security. Do your own research.
What does Oceaneering International, Inc. do?
Oceaneering International, Inc. (OII) operates in the Oil & Gas Equipment & Services industry. The "About Oceaneering International, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does Oceaneering International, Inc. pay a dividend?
We don't show a confirmed dividend yield for Oceaneering International, Inc. here, so treat it as uncertain: before writing calls, check its current dividend and ex-dividend date with your broker — an approaching ex-dividend date can trigger early assignment on in-the-money short calls.
When does Oceaneering International, Inc. next report earnings?
Oceaneering International, Inc.'s next earnings are expected around October 21, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Price trend
Tickers related to OII
Comparing OII with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 5875 North Sam Houston Parkway West, Suite 400, Houston, TX, 77086, United States
- Industry
- Oil & Gas Equipment & Services
- Employees
- 11,100
- CEO
- Mr. Roderick A. Larson
- Phone
- 713 329 4500
- Website
- www.oceaneering.com
- Investor relations
- www.oceaneering.com/investor-relations
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Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.